Kiser Group brokers Jacob Price and Katie LeGrand closed on 1553-55 W. Hollywood, a $10.9 million off-market deal. This property in Andersonville spans a full city block and features a total of 76 apartments, ranging from studios to three-bedroom units, as well as 22 retail spaces. 

Price said, “Andersonville’s rental inventory predominantly comprises vintage properties with limited amenities. The new ownership’s vision is to reshape this narrative by preserving the property’s vintage character while enhancing unit quality and adding desirable amenities, catering to the evolving preferences of renters.”

“While this property was previously under contract with another buyer, we were promptly notified by the ownership that the deal had fallen through,” said LeGrand, “Several other brokers had expressed interest in the past, and we’re delighted to have had the opportunity to represent the buyer in finalizing this transaction, effectively removing this cherished legacy building from the market.”